Adventist Health Partners Inc (EIN 364138353) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

Kathleen Ragusa

Phone

2242730190

Tax Period

2023-07-01 to 2024-06-30

Adventist Health Partners Inc, founded in 1998, is a major nonprofit that reported $163.0M in total revenue in fiscal year 2023. Revenue surged 119% from the prior year, signaling strong growth momentum.

Mission

Operate out-patient physician clinics.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $162,401,456

Investment Income $536,045

Other Revenue $19,777

TOTAL REVENUE $162,957,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,636,190

Fundraising Expenses $0

Program Expenses $172,157,544

Other Expenses $49,110,519

TOTAL EXPENSES $173,746,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,957,278	$74,323,167	+1.2%
Expenses	$173,746,709	$83,680,664	+1.1%
Net Income	$-10,789,431	$-9,357,497	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

273

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$802,624

Total Directors

$4,362,501

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Buchanan Herbert	Director/Secretary (End 04/24)	0.10	Director	$0	$26,727	$678,324
Maycock Adam	Director	0.10	Director	$0	$125,315	$688,369
Ragusa Kathleen	Director/President	49.00	Officer Director	$308,369	$25,211	$333,580
Kuhlman MD Geoffrey	Director	50.00	Director	$418,048	$39,728	$457,776
Lewis MD Greg	Director	50.00	Director	$639,678	$23,585	$663,263
Liu MD John	Director	50.00	Director	$531,619	$30,808	$562,427
Nelson MD Kenneth	Chairperson/Dir.(Beg 01/24)	49.00	Officer Director	$431,937	$37,107	$469,044
Valaitis MD Sandra	Director	0.10	Director	$0	$0	$0
Radivojevic Vladimir	Director	0.10	Director	$0	$101,478	$509,718
Barkatullah MD Sameer	Physician	50.00	Highest	$1,040,993	$22,203	$1,063,196
Brooks DO Michael	Physician	50.00	Highest	$915,843	$49,308	$965,151
Carell MD Edgar	Physician	50.00	Highest	$843,442	$33,410	$876,852
Park MD David	Physician	50.00	Highest	$955,531	$20,344	$975,875
Lertsburapa MD Keith	Physician	50.00	Highest	$909,378	$38,108	$947,486

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$162,957,278	$173,746,709	$43,550,162	$-10,789,431
2023	$74,323,167	$83,680,664	$34,194,860	$-9,357,497
2022	$100,596,319	$153,906,704	$36,000,454	$-53,310,385
2021	$104,392,902	$132,558,889	$73,033,637	$-28,165,987
2020	$91,037,621	$127,015,465	$66,863,587	$-35,977,844
2019	$96,632,410	$129,027,273	$40,528,049	$-32,394,863
2018	$94,510,728	$121,149,794	$32,635,446	$-26,639,066

Adventist Health Partners Inc